Real Estate News & Tips for Central Texas
Mortgage Rates Back to Their Boring Ways
While there were only 4 business days instead of the customary 5, it's been an intensely boring week for mortgage rates. Tuesday started out right where Friday left off. From there, Thursday brought the only noticeable change with the average lender moving up to the highest levels in just over
Mortgage Rates Move Moderately Higher
After several consecutive days without any noticeable changes, mortgage rates finally made a move today. Unfortunately, that move was higher. Thankfully, it was neither extreme nor sufficient to challenge last week's highs. Nonetheless, it keeps the average lender uncomfortably close to
Mortgage Rates Hold Same Level For 3rd Straight Day
Given that rates take cues from bonds and bonds take cues from economic data, it's perhaps no surprise to see an absence of volatility in rates on a week that has very little to offer in terms of economic data. Still, mortgage rates usually manage to move a bit even when there are no compelling even
Mortgage Rates Unimpacted by New Executive Orders
Mortgage rates are driven predominantly by the bond market and bonds were able to clear up a few curiosities on inauguration day. Specifically, traders expected multiple executive orders with several focusing on proposed tariffs. While history suggests the conventional wisdom may be faul
DSCR Loans: Buy Rentals Based on the Property's Income
A DSCR loan lets you qualify for an investment property based on how much rent it brings in, instead of your personal income. That makes it popular with self-employed investors and anyone growing a portfolio. What DSCR means DSCR stands for debt service coverage ratio. It compares the property's mon
Uneventful Day For Mortgage Rates
Mortgage rates are driven by the bond market and Friday was the least active day of the week for bonds. There were no major economic reports to cause rapid changes in trading levels. As such, mortgage rates started out very close to the levels seen yesterday and most lenders didn't make any mi
Mortgage Rates Back Down to Lowest Levels in 2 Weeks
After having a great day yesterday, mortgage rates were able to add another "good" day today. The net effect brings the average lender's top tier 30yr fixed rate back down to levels last seen on January 2nd, exactly 2 weeks ago. Yesterday's key motivation was the palatable inflatio
Mortgage Rates Drop Back to Last Week's Levels After Softer Inflation Data
We knew that today's Consumer Price Index (CPI) was a hotly anticipated economic report that at least had the potential to give rates a big push, and it didn't disappoint. Any time we're dealing with an important economic report that gives rates a big push, there's generally an equal chance of getti
Mortgage Rates Make a Modest Recovery Ahead of Important Inflation Data
Mortgage rates officially hit the highest levels since May 2024 yesterday, even though the average was almost imperceptibly higher than last Friday's. We saw a similarly small move today, but in the opposite direction. In other words, the average rate moved lower by an amount that won't even h